BEWARE OF FRAUDULENT SCHEMES CLAIMING TO REPRESENT PT VERDHANA SEKURITAS INDONESIA

• Please be cautious of any fraudulent schemes conducted by parties claiming to represent PT Verdhana Sekuritas Indonesia. These scams often use the name, logo, and identity of PT Verdhana Sekuritas Indonesia to pose as official company representatives.
  
• Identified scam methods include investment fraud, job offers, task assignments, or other programs that appear to offer monetary rewards or commissions. Please remain vigilant against other forms of fraud as well.
  
• These scams may be carried out through various media channels, including:
  1. Fake websites;
  2. Messaging apps such as WhatsApp, Telegram, SMS, etc.;
  3. Fake emails and letters;
  4. Fraudulent phone calls. 
• PT Verdhana Sekuritas Indonesia operates solely as a Securities Broker-Dealer and Underwriter. We are not an investment manager or an institution that offers investment programs, job offers, commission-based tasks, or other financial schemes directly to the public via social media, private messages, phone calls, or unofficial individual agents. We do not appoint any individual or third party to collect funds from the public. 
• We never request the public, prospective clients, or our clients to (1) conduct cash transactions or (2) transfer funds to any personal account of individuals claiming to be employees or representatives of PT Verdhana Sekuritas Indonesia.
  
• Official information from PT Verdhana Sekuritas Indonesia is communicated only through our official channels:
  Website: www.verdhana.id and www.verdhanaresearch.com 
  Email: info@verdhana.id
  Phone: (021) 5098 5799
  Address: Deutsche Bank Building, 18th Floor, Jl. Imam Bonjol No. 80, Jakarta 10310 
• If you receive any suspicious messages, offers, or solicitations conducted by parties claiming to represent PT Verdhana Sekuritas Indonesia, please do not respond and report them immediately to us via email at info@verdhana.id.

This announcement is hereby conveyed. Thank you for your attention and for placing your trust in PT Verdhana Sekuritas Indonesia.
Sincerely,

PT Verdhana Sekuritas Indonesia

 CLOSE 

Home   /   Latest Research

Default sorting Sort by Popularity Sort by Average rating Sort by Featured

• Indofood CBP Sukses Makmur (ICBP IJ) (Buy) - Core earnings resilience

  SH JW SC

  We project ICBP to book low-single-digit sales...

  FOOD AND BEVERAGE ICBP ICBP JK ICBP IJ Sandy Ham Jody Wijaya Samuel Christian

  10 months ago

• Mayora Indah (MYOR IJ) (Buy) - Sales beating the high base

  SH JW SC

  Our industry survey indicated that MYOR’s 1Q25F...

  CONSUMER RELATED MYOR MYOR JK MYOR IJ Sandy Ham Jody Wijaya Samuel Christian

  10 months ago

• Cisarua Mountain Dairy (CMRY IJ) (Buy) - Kanzler sales at all-time high

  SH JW SC

  CMRY’s 1Q25 earnings result was in line...

  GENERAL CONSUMER CMRY CMRY JK CMRY IJ Sandy Ham Jody Wijaya Samuel Christian

  10 months ago

• Unilever Indonesia (UNVR IJ) (Reduce) - Fundamental issue remains

  SH JW SC

  UNVR’s 1Q25 result was in line with our estimate...

  GENERAL CONSUMER UNVR UNVR JK UNVR IJ Sandy Ham Jody Wijaya Samuel Christian

  10 months ago

• Indonesia FMCG - 1Q25F preview: growing despite challenges

  SH JW SC

  We estimate that the FMCG firms under our...

  GENERAL CONSUMER Sandy Ham Jody Wijaya Samuel Christian

  10 months ago

• Indonesia Retailers - 4Q24 result review

  JW SH SC

  Indonesian retailers still managed to record average top-line growth

  RETAIL Jody Wijaya Sandy Ham Samuel Christian

  10 months ago

• Indonesia FMCG - 4Q24 results review and 2M25 run rate estimate

  SH JW SC

  Overall, FMCG firms’ 4Q24 earnings were mostly in line with market expectations.

  GENERAL CONSUMER Sandy Ham Jody Wijaya Samuel Christian

  10 months ago

• Indofood CBP Sukses Makmur (ICBP IJ) (Buy) - Resilient performance

  SH JW SC

  The company recorded +4% y-y Indonesia sales growth in 4Q24,

  FOOD AND BEVERAGE ICBP ICBPJK ICBP IJ Sandy Ham Jody Wijaya Samuel Christian

  11 months ago

• Sariguna Primatirta (CLEO IJ) (Buy) - Excellent performance continues

  SH JW SC

  CLEO booked strong 4Q24 sales growth of 23% y-y,

  FOOD AND BEVERAGE CLEO CLEO JK CLEO IJ Sandy Ham Jody Wijaya Samuel Christian

  11 months ago

• Midi Utama Indonesia (MIDI IJ) (Buy) - Recovery in motion

  JW SH SC

  MIDI’s top line expanded by 15% y-y, driven by strong performance ex-Java (+23% y-y).

  RETAIL MIDI MIDI JK MIDI IJ Jody Wijaya Sandy Ham Samuel Christian

  11 months ago

• Sumber Alfaria Trijaya (AMRT IJ) (Buy) - Resetting expectations

  JW SH SC

  AMRT’s sales growth in 2024 remained solid at +10% y-y,

  CONSUMER RELATED AMRT AMRT JK AMRT IJ Jody Wijaya Sandy Ham Samuel Christian

  11 months ago

• Kalbe Farma (KLBF IJ) (Buy) - Repositioning, revamping, and reallocating

  SH JW SC

  We estimate KLBF to record a sales CAGR of +7.5% (2018-2024F),

  GENERAL CONSUMER KLBF KLBF JK KLBF IJ Sandy Ham Jody Wijaya Samuel Christian

  11 months ago

• Indonesia FMCG - Five weaknesses of Chinese FMCG companies in Indonesia

  SH JW SC

  We write this report to respond to investors’ concerns about Chinese FMCG companies competing in Indonesia.

  FOOD AND BEVERAGE Sandy Ham Jody Wijaya Samuel Christian

  11 months ago

• Indonesia Retailers - Cultural exports as a form of influence

  JW SH SC

  For decades, East Asian popular culture, including K-pop, K-dramas, and anime, has thrived domestically.

  GENERAL CONSUMER Jody Wijaya Sandy Ham Samuel Christian

  11 months ago

• Indonesia Consumer - Indonesia grocery's growth engine

  SH JW SC

  We have observed strong FMCG sales value growth in rural areas,

  GENERAL CONSUMER Sandy Ham Jody Wijaya Samuel Christian

  11 months ago